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Author Topic: I'm sad to say it but the Litecoin pipedream is over.  (Read 9591 times)
ElectricMucus
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September 22, 2013, 10:38:17 AM
 #1

Atlantis gone for good means it's just another Bitcoin clone now, it had real potential for a while but what remains isn't worth the fuss.
The infamous mtgox adoption (which I still think was a april fools joke) becomes less and less relevant as gox is limping towards it's gave. There is a slim chance that they might get back into the land of the living again and continue with their plans. But that's doesn't justify a price of over $2 USD, or even above a Dollar.
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September 22, 2013, 10:41:52 AM
 #2

I quite agree, already dumped my holding. In exchange for Bitcoins obviously.

Also, I don't mine scrypt coins anymore. Too expensive with GPUs.

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September 22, 2013, 10:43:01 AM
 #3

OP wants to talk LTC price down so he can buy more, cheap.

Digital currency of the future!
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September 22, 2013, 10:43:50 AM
 #4

Litecoin is going down, investors will see potential and buy it up














 

 

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September 22, 2013, 10:47:28 AM
 #5

I find if funny that the presumption is that Litecoin needs Atlantis.

Trust me Litecoin is much bigger than Atlantis as is Bitcoin > Silk Road.

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September 22, 2013, 10:50:19 AM
 #6

Litecoin will still be around for a long time. Can be sure of that.
It just those GPUs are so damn expensive to run. Especially here in UK.

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September 22, 2013, 10:52:12 AM
 #7

LTC never take off like btc Sad

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September 22, 2013, 10:59:31 AM
 #8

Litecoin is a currency in its infancy, but at the moment it's valued above 200M USD. That price doesn't seem sustainable unless something big happens soon.
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September 22, 2013, 11:01:17 AM
 #9

Litecoin will still be around for a long time. Can be sure of that.
It just those GPUs are so damn expensive to run. Especially here in UK.

I agreed with you, it is so expensive to mine using GPUs in the UK. I am waiting for another 4 LTC to finish mining (That is the minimum withdraw from the pool I am using) then I am turning my GPU miner off for good.

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September 22, 2013, 11:02:01 AM
 #10

when we wait month or two, there will be so many asics digging up bitcoin that difficulty will be in 2 months 16x bigger than now and many of gpu owners will go to litecoin
see what happens Smiley

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September 22, 2013, 11:04:09 AM
 #11

Litecoin is a currency in its infancy, but at the moment it's valued above 200M USD. That price doesn't seem sustainable unless something big happens soon.

source? And show me your calculations, because 21.5 million coins x 2.50 = 53M
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September 22, 2013, 11:04:40 AM
 #12

Litecoin will still be around for a long time. Can be sure of that.
It just those GPUs are so damn expensive to run. Especially here in UK.

I agreed with you, it is so expensive to mine using GPUs in the UK. I am waiting for another 4 LTC to finish mining (That is the minimum withdraw from the pool I am using) then I am turning my GPU miner off for good.

Mandatory 'and so it begins'...

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September 22, 2013, 11:13:39 AM
 #13

when we wait month or two, there will be so many asics digging up bitcoin that difficulty will be in 2 months 16x bigger than now and many of gpu owners will go to litecoin
see what happens Smiley

The GPU owners migrated from Bitcoin months ago!

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September 22, 2013, 11:17:50 AM
 #14

The next week will be the big test for LTC with the imminent gox arrival and the 'apparent' fontas pump.

Why sell now when you will definitely profit from it. Although it is to be seen how much profit it will bring.
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September 22, 2013, 11:24:04 AM
 #15

Litecoin is a currency in its infancy, but at the moment it's valued above 200M USD. That price doesn't seem sustainable unless something big happens soon.

source? And show me your calculations, because 21.5 million coins x 2.50 = 53M
84M LTC * 2.4 USD/LTC = 201.6M USD
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September 22, 2013, 11:42:56 AM
 #16

LTC never take off like btc Sad

2013-03-01  the price of litecoin was between 7 and 8 cents. 0.07 and 0.08$. That is around 32 times (taking 2.4$ and 0.075$ prices) lower than at this moment.
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September 22, 2013, 11:52:10 AM
 #17

OP wants to talk LTC price down so he can buy more, cheap.

I wouldn't want to buy Litecoins if there is no way to sell them. You just have to acknowledge a change of circumstances affects prices.
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September 22, 2013, 11:52:19 AM
 #18

I quite agree, already dumped my holding. In exchange for Bitcoins obviously.

Also, I don't mine scrypt coins anymore. Too expensive with GPUs.

Mining BTC with ASICS does not give you ROI ever. If you already have GPUs, mining Scrypt is still more profitable.
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September 22, 2013, 12:01:13 PM
 #19

I quite agree, already dumped my holding. In exchange for Bitcoins obviously.

Also, I don't mine scrypt coins anymore. Too expensive with GPUs.

Mining BTC with ASICS does not give you ROI ever. If you already have GPUs, mining Scrypt is still more profitable.
Not necessarily true. Depends on the efficiency of the ASIC (i.e. Hash per $). A good calculator taking future difficulty into account: http://www.coinish.com/calc/ (make sure you click expert). There are a lot of inefficient ASICs though, yes, that is true. Also true that you can sell GPU's when done mining for a better profit margin over ASICs.

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September 22, 2013, 12:05:34 PM
 #20

I quite agree, already dumped my holding. In exchange for Bitcoins obviously.

Also, I don't mine scrypt coins anymore. Too expensive with GPUs.

Mining BTC with ASICS does not give you ROI ever. If you already have GPUs, mining Scrypt is still more profitable.

You must be lucky and have cheap electricity then. Or stealing it.

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